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The baht is expected to fall further after the Bank of Thailand cut rates to a record low of 0.75%, with the currency already down over 9% this year. Slowing growth, the worst drought in decades, and a delayed government budget add to the pressure.
A sharply weaker baht raises the dollar cost of imported feed inputs for Thai buyers, while drought adds upside risk to local crop-based feed supplies.
thethaiger.comThaigerMar 25, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
